Company Earnings UpdateAdidas (ETR: ADS) 2Q18 Results: Beats Expectations with Further Double-Digit Revenue Growth and Solid Gross-Margin Gains Coresight Research August 10, 2018 Executive Summary Adidas grew 2Q18 revenues by 10% year over year at constant currency, with revenues, EBIT and net profit all coming in ahead of consensus. Management noted that the company’s significant gross-margin uplift reflected the “quality” of its revenue growth. Management reiterated its guidance for FY18: the company expects to grow sales by approximately 10% at constant currency and to increase its operating margin by between 0.5 and 0.7 percentage points. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Earnings Insights 4Q24, Week 4: Birkenstock, Hermès, Sprouts and More Post Double-Digit GrowthJCPenney Merges with SPARC Group to Form Catalyst Brands—What It Means for US RetailThe New AI Unicorn—Reka AI Secures $110 Million from NVIDIA and Snowflake: What You Need to KnowFive Ways AI Is Being Used in Beauty Retailing (Plus One Bonus)—and What’s Next
